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Markets slip into the red

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SI Reporter Mumbai/New Delhi

The Sensex is down 33 points at 20,084 and Nifty is lower by 6 points at 6029

The broader markets are trading firm and have outperformed the benchmark indices. The Small-cap index is up 52 points at 10,333 and the Mid-cap index isat 8173 up  31 points. The BSE 500 market breadth is positive as 289 stocks are advancing and 205 stocks are declining.

BF utilities is the top gainer among the Mid-cap stocks up 4.4% at Rs 1,111 followed by Allcargo Global, Whirlpool, BGR Energy and Max India up more than 3.5% each.

Among the Small-caps Tanla Solutions continues to hold its ground the stock is up 17% at Rs 28 followed by Ganesh Housing, Timken India, Jindal Worldwide, Piramal Glass and Force Motors.

Mild profit booking is seen in Realty, IT, Oil & Gas, Tech and Banking stocks.

Meanwhile Power index continues to be the top gainer among the key sectoral indices up 1% at 3258 followed by Capital Goods, PSU and Auto indices.

Siemens continues to be the top gainer among the Power stocks up 3.2% at Rs 812 followed by ABB, NTPC, Reliance power and Lanco Infratech.

Mahindra & Mahindra leads the rally among the Sensex stocks up more than2% at Rs 708 followed by RCom, NTPC, ACC and Jindal Steel.

Meanwhile, HDFC, Hindalco Industries, index heavyweight Reliance Industries, ICICI Bank and tata Motors continue to be the losers on the Sensex charts.

The BSE market breadth continues to be positive as 1514 stocks are advancing and 1263 stocks are declining.

 

 

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First Published: Sep 28 2010 | 11:54 AM IST

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